U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could face sanctions as the Trump administration seeks to curb the Kremlin's economic leverage over Europe and Turkey.
Ever wonder why even though crude prices have been plummeting, your fuel bill just refuses to go easy on your pockets? Let's break down how fuel price decontrol works, and why you seem to be losing out.
Diesel has become the most expensive auto-fuel in the country overtaking petrol for the first time in a long while as the oil marketing companies on Wednesday raised its pump prices by 48 paisa while keeping the price of the other fuel unchanged.
The recent gas leak from LG Polymers factory in Andhra Pradesh, which killed at least 11 people on Thursday, brought into limelight the necessary legal safeguards needed to protect individuals and communities.
As the coronavirus crisis spreads across the country, the Indian economy has taken a massive hit. Government coffers have been impacted, and most economic activity has come to a standstill. It is in this context, taxes on fuel have been raised considerably.
In addition to the longer term trends mentioned above, 2019 diesel demand was also curtailed by a prolonged monsoon which brought rural demand to a near standstill this autumn.Widespread flooding hampered mining, construction and freight movement across parts of the country.
The government, he said, has taken a number of initiatives to promote usage of LPG across the country especially in rural households which otherwise depend on traditional fuels that are hazardous to health and polluting in nature. Under Pradhan Mantri Ujjwala Yojana (PMUY) of providing free cooking gas (LPG) connection to poor, over 6.31 crore connections have been provided since the launch of the scheme on May 1, 2016.
The upswing in oil prices continues as petrol and diesel were at record highs in Mumbai and Delhi as of September 11.The steep rise in crude prices and a falling rupee have had a major impact on fuel costs, but do you know where petrol prices were the highest? Here's a list of the countries where petrol is the cheapest and most expensive. (Rates as of September 10, 2018)
Three hundred and thirty kilos of bio-jet fuel developed from jatropha — a hardy plant with nearly 40% oil content — was partially used to propel a 45-minute SpiceJet flight from Dehradun to Delhi. The IIP team took four days to extract this quantity of oil, which was used in the right engine of the plane. "Since this was a test flight, only 25% of bio-jet fuel was used and the rest was conventional aviation turbine fuel (ATF). International standards cap the use of bio-jet fuel at 50% in each engine," says Dr Anjan Ray, director, CSIR-IIP.
HPCL plans to activate this service in 35 outlets in Mumbai city and has already gone live in close to 18 petrol pumps. The service — christened Fastlane — is targeted at all vehicle owners and is the first time in the world that technology is being used for seamlessly refuelling and billing.
The government, on more than one occasion, has talked about a 'long-term' solution to insulate retail prices from the volatility in global crude oil price. A development that took place on Monday seems to be the first concrete step towards this. The oil ministry headed by Dharmendra Pradhan has given the in-principle nod to the Indian Commodity Exchange (ICEX) to launch futures on petrol and diesel. “We have received the ‘no objection’ from the ministry,” said Sanjit Prasad, MD, ICEX.
LPG shipments to India will reach 2.4 million tonnes in December, pushing it ahead of top importer China, on 2.3 million tonnes, for the first time.India’s average monthly imports in 2017 of about 1.7 million tonnes are well still behind China’s 2.2 million tonnes, but it has jumped ahead of third-placed Japan on about 1 million tonnes.